Daily Protocol [#] by @shulktrades

@shulktrades aka Shulkins aka shulk

Open Source Script created from the code “ICT Everything” by coldbrewrosh

• *Adjusted Key Times and Standard Deviations to better fit my model*
  

Daily Protocol Indicator - Description

Overview

The Daily Protocol indicator is a comprehensive trading tool designed to help traders identify and visualize key intraday time-based levels and sessions for forex and other markets. This indicator automatically marks important market opening times, session ranges, and standard deviation projections to assist in technical analysis and trade planning.


Key Features

Time-Based Vertical Lines

• Midnight Open (00:00): Marks the start of each trading day
  
• News Open (08:30): Highlights the typical economic news release time
  
• NY AM Open (09:30): Identifies the US equity market opening
  

Opening Price Lines

• Midnight Opening Price: Tracks the price at market day start
  
• News Opening Price (08:30): Shows the price level at news time
  
• NY AM Opening Price (09:30): Displays equity market open price
  
• Afternoon Opening Price (13:30): Optional afternoon session marker
  
• Weekly & Monthly Opening Prices: Higher timeframe reference levels
  

Session Range Boxes

• London Session (LNDN): 02:00-05:00 range with optional standard deviation projections
  
• Asian Session (ASIA): 20:00-00:00 range with optional standard deviation projections
  
• NY AM Session (NYAM): 09:30-10:00 range with optional standard deviation projections
  

Standard Deviation Projections

• Automatically calculates and displays 1-4 standard deviation levels based on session ranges
  
• Configurable directional display (both sides, upside only, or downside only)
  
• Helps identify potential target zones and reversal areas
  

Additional Features

• Day of Week Labels: Clearly marks each trading day
  
• Customizable Timezone: Supports multiple global timezones
  
• Historical Lines Toggle: Option to show/hide past levels for cleaner charts
  
• Terminus Settings: Control how far price lines extend into the future
  
• Color Customization: Full control over all colors, line styles, and widths
  
• Range Statistics Table: Displays current session ranges and pip counts (forex only)
  

Best Use Cases

• Identifying overnight key times and structure before market opens for NY
  
• Planning entries around major session times
  
• Setting targets using standard deviation projections
  
• Understanding market structure through time-based analysis
  
• Backtesting strategies based on session behavior
  

Timeframe Recommendation
Works best on intraday timeframes (1-60 minutes). The indicator automatically hides on timeframes above 61 minutes to prevent chart clutter.

Customization

Extensive settings allow traders to:

• Enable/disable any individual component
  
• Adjust all colors, line styles, and widths
  
• Control label display and formatting
  
• Set timezone preferences
  
• Configure standard deviation calculations
  
• Choose which sessions and times to display
  

This indicator is ideal for traders who follow time-based trading methodologies and want to incorporate structured intraday analysis into their workflow.